Arete Wealth pays out $1.1M in arb claims to start 2024
"We have a handful of open cases against Arete Wealth, and some involve Center Street, as well," says a plaintiff's attorney.
The next big challenge advisors face
'This war of human capital isn't going to get better, it's going to get worse in my opinion,' RIA exec says.
Advisors demanding more from asset managers than just latest fund
'We see asset managers having to provide more services, technology support, education to remain relevant and ultimately provide a better partnership to advisors,' a BNY Mellon exec says.
CFP Board sees record participation at March exam
The community of certified financial planners in the US is closing in on a milestone.
Fed could hike rates rather than cut them: UBS strategists
Given strong US growth and sticky inflation, the Fed's next move could be to tighten again, pushing its benchmark rate as high as 6.5 percent.
Raymond James adds advisor from Wells Fargo
South Florida-based advisor had been overseeing $105 million in client assets at Wells.
For most near-retirees, leaving the workforce at 65 is a lost cause
New Nationwide poll reveals impact of inflation and concerns about Social Security on pre-retirees’ expectations.
Citizens Financial taps Morgan Stanley exec for wealth business
Paul Casey is joining to head the bank’s wealth management arm, with a mandate that spans from mass affluent to ultra-high-net-worth clients.
LPL welcomes $170M veteran advisor
The broker-dealer giant’s hire in North Carolina is the latest in a string of recruiting moves at Ameriprise’s expense.
Virtual course for financial planners enters its fifth year
With 700 people already on the wait list, the online program to train aspiring college students and new advisors is now open for registration.
Schwab Q1 revenue tops estimates
The firm reported $4.74 billion in net revenue for the three months through March, topping analysts’ estimates of $4.71 billion.
Apex declares liftoff for new ACATS protocol
Fintech hails landmark transaction’s potential to create ‘more efficient, flexible account transfer services’ as key deadline looms.
Goldman posts stronger-than-expected Q1 results
The surprise surge was led by traders, and by bankers who cashed in on a resurgence in dealmaking.
Modern Wealth hires former Goldman leader to drive growth initiatives
Industry veteran Jason Del Col joins the $3 billion firm as head of advisory.
Dynasty Financial helps $550M Merrill team go independent
Six advisors break away from the wirehouse to launch a firm in Alabama.
Stocks gain, oil declines as Middle East tension eases
Traders bet on no further escalation of the conflict after Iran attack.
JPMorgan strategists don’t expect equities rally from earnings
Outperformance may be limited in the latest season.
Clean energy investors won’t be impressed by G-20 nations’ inaction
Even the leading countries' climate ambitions have stalled.
Cryptos gain as Hong Kong greenlights bitcoin, ether ETFs
It's the latest step in trying to rebuild its financial hub status.
iCapital strikes private-credit partnership with Bain
Fintech platform for alts is teaming up with global credit manager to extend its reach among advisors and high-net-worth investors.
